Ezra Klein lays out the odds of the GOP reducing the deficit should they regain control of Congress: If Republicans take the House and the Senate, how much likelier is a full extension of the Bush tax cuts? I’d say it goes up to 70 percent, and the only reason I don’t say 100 percent […]
There has been a lot of focus on the Massachusetts Senate race to replace the late Ted Kennedy and some are trying to paint it as a repudiation of President Obama and health care reform. One of the key findings in the new PPP poll released last night was that those planning on voting oppose […]
Now that the American people have bailed out the banking system and our leaders are looking at ways to recoup the hundreds of billions of tax dollars we have spent, Wall Street is starting to look at ways to get out of paying us back. According to an article in today’s New York Times, the […]
Right along party lines as expected, with Jim Bunning not voting. What’s interesting is that since the GOP started praying for Democratic members of the Senate to not show up, a Republican has missed every vote. Irony or sweet revenge? This ends the 2009 legislative year and now we are on to reconciliation to fix […]
Bernie Sanders does what others should have done: Sen. Bernie Sanders Wednesday placed a hold on the nomination of Ben Bernanke for a second term as chairman of the Federal Reserve. “The American people overwhelmingly voted last year for a change in our national priorities to put the interests of ordinary people ahead of the […]
Finally justice is served on another person whose power in Congress became a catalyst for greed: Former Rep. William Jefferson was sentenced Friday to serve 13 years in prison for what the lead prosecutor described as “the most extensive and pervasive pattern of corruption in the history of Congress.” While the sentence by federal Judge […]
At the beginning of the week the health industry was all gung-ho to work with the administration to ease to costs of healthcare. Now it looks like they are yelling out “SIKE!” Hospitals and insurance companies said Thursday that President Obama had substantially overstated their promise earlier this week to reduce the growth of health […]
The TARP was passed as an emergency life line to troubled banks, but read this: A small but growing number of community banks are backing out of the government’s bailout, which they see as fraught with hidden strings and government interference. About 20 banks so far that applied for or had been approved to receive […]
This will be the first year that we have a Democrat in the White House in the modern blogging age, and with that I do have a rather dire prediction. As the year progresses and we start seeing exactly how soon to be President Obama governs, some of the groups and organizations we all cherished […]